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25.03.2021 10:16 AM
Indicator Analysis. Daily review for the GBP/USD currency pair 03/25/21

Trend Analysis (Fig. 1).

Today, the market may start moving up from the level of 1.3686 (the closing of yesterday's daily candle) with the target of 1.3791-8 average EMA (blue thin line). When testing this line, it is possible to continue working up with the target of 1.3850-21 average EMA (black thin line).

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Figure 1 (daily chart).

Comprehensive Analysis:

- Indicator Analysis – up

- Fibonacci Levels – up

- Volumes – up

- Candle Analysis – down

- Trend Analysis – up

- Bollinger Bands – up

- Weekly Chart – up

General Conclusion:

Today, the price can start moving up from the level of 1.3686 (the closing of yesterday's daily candle) with the target of 1.3791-8 average EMA (blue thin line). When testing this line, it is possible to continue working up with the target of 1.3850-21 average EMA (black thin line).

Alternative scenario: from the level of 1.3686 (the closing of yesterday's daily candle), it may start moving down with the target of 1.3562 – a pullback level of 23.6% (the red dotted line). When testing this level, it is possible to continue working downwards with the target of 1.3481 – the historical support level (blue dotted line).

Stefan Doll,
Analytical expert of InstaForex
© 2007-2024
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